China's average daily steel output falls to 1-year low

Shanghai

CHINA'S average daily steel output fell 1.9 per cent in December from the previous month, official data showed on Thursday, the lowest level in a year as government-imposed production curbs deepened.

Output climbed to 67.05 million tonnes in December from 66.15 million tonnes in November, and was up 1.8 per cent from a year ago, data from the National Bureau of Statistics showed. Full-year output in 2017 rose 5.7 per cent to a record-high of 831.73 million tonnes.